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Donald Trump is Time magazine's Person of the Year

  • US President-elect Donald Trump has been named Time magazine's Person of the Year for 2016.
  • The annual cover on which the magazine recognises the person who “for better or for worse … has done the most to influence the events of the year” 

RBI keeps key rates unchanged in fifth bi-monthly monetary policy review

  • Reserve Bank of India in its fifth bi-monthly monetary policy review kept the short-term lending rate unchanged. It was a surprise for markets.
  • RBI has also lowered its forecast for India’s gross domestic product (GDP) growth to 7.1% for this fiscal and said demonetisation would lead to a short-term disruption in economic activity.

Union Cabinet approves Pune Metro Rail Project

  • The Union Cabinet today approved the development of phase-I of Pune Metro Rail Project which will cover a length of 31.25 km at the total completion cost of Rs. 11,420 crore and comprising two corridors Corridor-1 (Pimpri Chinchwad Municipal Corporation to Swargate) and Corriodor-2 (Vanaz to Ramwadi)

Venezuela to print 20,000-bolivar note

  • Venezuela will launch a new 20,000-bolivar banknote to help people struggling with large bundles of currency notes during the country's economic crisis. 
  • The biggest denomination banknote currently in circulation is 100 bolivars.

Remote sensing satellite Resourcesat-2A successfully launched

  • The Indian Space Research Organisation (ISRO) has successfully launched remote sensing satellite Resourcesat-2A into its dedicated orbit. 
  • It was launched onboard of Polar Satellite Launch Vehicle (PSLV)-C36 from first launch pad at Satish Dhawan Space Centre in Sriharikota. 
  • It was PSLV’s 38th flight and XL version of the rocket was used. It was the 37th consecutive successful flight of the rocket.

Why blind can't identify notes of recent years: HC asks RBI

  • The Bombay High Court has sought a reply from the RBI within six weeks over the alleged difficulty faced by blind persons in identifying currency notes and coins of recent years. 
  • While hearing a petition filed by National Association for the Blind, the HC also allowed the petitioner to file a rejoinder within two weeks of RBI filing its reply.
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